The numbers are often a bit of a mystery to business owners. When youâ€™re busy running everything involved in a business, there just isnâ€™t time to do a degree in finance to understand how it all works in detail. A few accountants are good at explaining financial concepts in plain English to business owners.
Weâ€™ve decided to throw out the text book on financial accounting and come up with a simple way of looking at how the numbers work in most businesses. If youâ€™ve seen our infographic â€˜Business Numbers Made Easy- Roadmapâ€™ you will see that the key numbers are actually quite simple. Hereâ€™s a little more explanation about each one: